2023
Exports
$1.04MWorld Rnk 88 / 176
Flag Rnk 231 / 1046
2023
PRODUCT COMPLEXITY IN Recreational Boats
0.24Rnk 483 / 1025
2023
Imports
$59.3MWorld Rnk 36 / 219
Flag Rnk 67 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $1.04M in Recreational Boats, making it the 88th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 231st most exported product in Panama. The main destination of Recreational Boats exports from Panama are: Denmark ($582k), United States ($142k), Spain ($139k), Australia ($85.6k), and Italy ($82k).

The fastest growing export markets for Recreational Boats of Panama between 2022 and 2023 were Denmark ($581k), Australia ($85.6k), and Italy ($82k).

Imports In 2023, Panama imported $59.3M in Recreational Boats, becoming the 36th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 67th most imported product in Panama. Panama imports Recreational Boats primarily from: Italy ($40.8M), France ($11.9M), United States ($2.42M), Croatia ($1.63M), and Spain ($512k).

The fastest growing import markets in Recreational Boats for Panama between 2022 and 2023 were Italy ($15.9M), France ($7.88M), and Croatia ($1.63M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Recreational Boats. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.04M
IMPORTS (2023)$59.3M
NET TRADE (2023)-$58.2M

In 2023, Panama exported $1.04M in Recreational Boats. The main destinations of Panama exports on Recreational Boats were Denmark ($582k), United States ($142k), Spain ($139k), Australia ($85.6k), and Italy ($82k).

In 2023, Panama imported $59.3M in Recreational Boats, mainly from Italy ($40.8M), France ($11.9M), United States ($2.42M), Croatia ($1.63M), and Spain ($512k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Denmark$581k (104k%)
Australia$85.6k (1%)
Italy$82k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Panama WERE (2022 - 2023):
Croatia-$911k (-100%)
Turkey-$610k (-100%)
Ecuador-$321k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Recreational Boats were:
In 2023, Panama's main importing competitors in Recreational Boats were:

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $277k
TOP IMPORT POTENTIALFrance+ $688k

Recreational Boats’s highest export potential is United States. With an export gap of $277k.   Recreational Boats’s highest import potential is France with an import gap of $688k.

See methodology.

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